The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-07-30
A HOROSCOPE
VIEW OF TRADE AND COMMERCE..
Tho Usual summer DrIlncss-U Uncertainty
and Hesitation In Many branches, but
There nre Some Healthy Signs Visible.
< II. @. Dun . Co.'s Report.

NEw YORK, July Or. G. Dnn & Co.,
in their weekly review Of trade, says. .
Foreign commerce is still unsatisfactory
while In domestic trade the usual summer
dullness 10 increased by variety OF
causes. Large bank clearlngs and rail.
road earnings fail to reflect the present
ctate OF business, which Is In many
branches characterised by uncertainty
and hesitation. Railroad earnings since
the Interstate law affected rates afford no
reliable indication Of the volume Of traffic,
and the publication Of tonnage statistics
has been, to large extent, Suspended,
which has significance. -.
Low prices on cotton goods meet an un.
usually good demand and prices arc s.il;
in woolens the ordera scarcely suffice 10
open the market, except Ia cheyiots,
which move at prices not higher than
last year. 10 dress goods, fair trade ia
noted. Interior reports nearly all note
existing dullnsBs, with hopes OF large
trade hereafter. Money Ia In only fair do.
mand with no noteworthy changes In
rAtea, and collections are fair, with i'm.
provement at one or two points. Tho
speculation in tobacco begins to advance
prices, and the rubber combination slowly
progresses toward completeness.
The termination Of the coke strikes, and
most oil tho iron furnaces are at work, and
yet 1t is observed that the actual con.
sumption OF pig iron was smaller for the
fret half OF 1887 than for the last half Of
1886. Stocks have been depressed with
signs OF weakness on the part OF holders.
The Treasury took In 81 zoe. 900 moro than
1t paid out during tho past week, but
money ia easy at per cent, and foreign
exchange Is unaltered. 80
Wheat, corn, oats, oil, beef and hogs are
lower than week ago. Red winter wheat
at 79l cents at New York, and lowest
July price on record, compares with 7Gc
to isle in November and December 1884, ]
but with that exception no lower price
has been recorded In any month for sixty
two years. Corn ct 10, at New York and
oats at 32e and beef at an average OF 81 IS,
40 not encourage farmers to buy largely OF 4
the products OF other industries.
Speculation in cotton halts since the
syndicate failures, but process weakened
again to-day, and coffee yields shade;
dealers are meeting light and uncertain
distributive demand. Sugar rises little
with the publication Of bullish statistics;
spice dealres complain that consumers do
not come to time, and the handlers O.! rice
are not oyerworked. Oil fell 10 54tc, but
has recovered little. Coal agents an
nouncs an advance OF 10 cents for August
let and that the trade is supported by an
increasing demand. = 81
AL Southern reports continue especi-
ally favorable as to cotton. Lsss Ia heard
Of reel estate speculation at the West and
sonth, but at eeveral points, as at Omaha, :
1t is noticed that heavy building opera.
tions are in progress. The traneier OF
floating into fixed capital has not ye.
ceased. Business failures during the last
seven days number for the United States
l62; for Canada, %; total, 1871; compared
with l72 last week, and l92 for the cor
responding week last year. Il. e. y.